Let to Marantz Audio UK Limited with guarantee from Phillips Electronics UK Limited
Lease expires September 2015
Popular courtyard office development adjacent to London’s Heathrow Airport
Asset management opportunities
Of interest to investors and owner occupiers (subject to existing lease)
Lot 5
Auction 23rd October 2014
Rent £79,131 per Annum Exclusive
Status Sold
Price £660,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
16 miles west of Central London
5 miles south of Uxbridge
5 miles south-east of Slough
Roads
M25 (Junction 14), M4 (Junction 4B), A4, A3044
Rail
West Drayton Rail Station, Heathrow Airport T5 Underground Station (Piccadilly Line)
Air
London Heathrow Airport
Situation
Bath Road immediately to the north-west of London’s Heathrow Airport. The property is located just outside Heathrow’s perimeter fence and about ½ mile east of the M25 and one mile south of the M4 in a mixed commercial and residential area.
Tenure
Freehold.
Location
Miles
16 miles west of Central London
5 miles south of Uxbridge
5 miles south-east of Slough
Roads
M25 (Junction 14), M4 (Junction 4B), A4, A3044
Rail
West Drayton Rail Station, Heathrow Airport T5 Underground Station (Piccadilly Line)
Air
London Heathrow Airport
Situation
Bath Road immediately to the north-west of London’s Heathrow Airport. The property is located just outside Heathrow’s perimeter fence and about ½ mile east of the M25 and one mile south of the M4 in a mixed commercial and residential area.
Tenure
Freehold.
Description
The property comprises office accommodation arranged over the ground, first and second floors. The property benefits from on-site car parking for approximately 12 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises office accommodation arranged over the ground, first and second floors. The property benefits from on-site car parking for approximately 12 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Office Office Office
91.22 sq m 94.18 sq m 74.88 sq m
(982 sq ft) (1,014 sq ft) (806 sq ft)
MARANTZ AUDIO UK LIMITED (with guarantee from Phillips Electronics UK Limited) (1)
25 years from 17/09/1990 on a full repairing and insuring lease
£79,131
16/09/2015
Totals
260.28 sq m
(2,802 sq ft)
£79,131
(1) Marantz Audio UK Limited is a wholly owned subsidiary of D&M Europe BV. D&M Audio Visual Limited, also a wholly owned subsidiary of D&M Europe BV, are currently in occupation of the property and paying the rent.
